Binance to Let Wealthy Clients Store Collateral at Banks: Report
Cryptocurrency exchange Binance is in talks with institutional clients about setting up a process, which would allow them to keep collateral for margin trading in spot and derivatives at banks, Bloomberg has learned, citing people close to the talks.
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According to the report, the exchange might use Swiss-based FlowBank and Liechtenstein-based Bank Frick as intermediaries. However, no final decision has been made yet.
Jane Street and Tower Revealed as VIP Clients of Binance: Report
One of the business models suggested clients would lock up their cash at a bank through a tri-party agreement. In the meantime, Binance would lend them stablecoins to serve as collateral for margin trading.
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